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Securities
registered pursuant to Section 12(b) of the Act:
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of each class
Trading
Symbol(s)
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Common
Stock, par value $0.001 per share
CDXC
The
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Indicate by check
mark whether the registrant is an emerging growth company as
defined in Rule 405 of the
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Emerging growth
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If an
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Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
(b) On January 7, 2020, it was
agreed that Lisa Bratkovich would no longer serve as the Chief
Marketing Officer of ChromaDex Corporation (the
“Company”), effective January 10, 2020. Ms. Bratkovich
entered into an agreement (the “Separation Agreement”)
with the Company regarding her separation from the Company whereby
she will receive (a) continuation of her base salary for 12 months,
(b) accelerated vesting of time-based equity that would have
otherwise become vested by the one-year anniversary of the
termination date and a period of three years after the termination
date to exercise any vested stock options and (c) payment of COBRA
group health insurance premiums for up to 12 months. The Separation
Agreement contains a mutual non-disparagement obligation and a
standard release of claims on the part of Ms.
Bratkovich.
Megan Jordan, who joined the Company in August 2019 as Chief
Communications Officer, will assume the additional role of Senior
Vice President of Global Marketing, and will continue to report
directly to Robert Fried, the Company’s Chief Executive
Officer.
The foregoing description of the terms of the Separation Agreement
does not purport to be complete and is qualified in its entirety by
reference to the full text of the Separation Agreement, a copy of
which will be filed with the Securities and Exchange Commission as
an exhibit to the Company’s Quarterly Report on Form 10-Q for
the quarter ended March 31, 2020.
SIGNATURES
Pursuant to the
requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.